Wall Street is positive on Nike Inc (NKE). On average, analysts give NKE a Buy rating. The average price target is $115.74, which means analysts expect the stock to add by 23.26% over the next twelve months.
That average ranking earns NKE an Analyst Rating of 36, which is better than 36% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating NKE a Buy today. Find out what this means to you and get the rest of the rankings on NKE!
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Nike Inc Stock Today?
Nike Inc (NKE) stock has fallen -0.2% while the S&P 500 has gained 0.07% as of 11:00 AM on Thursday, Mar 28. NKE has fallen -$0.19 from the previous closing price of $94.09 on volume of 1,808,333 shares. Over the past year the S&P 500 has risen 30.40% while NKE has fallen -22.07%. NKE earned $3.40 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.62.
Click Here to get the full Stock Report for Nike Inc stock.
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